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Afternoon Note

Best Week of the Year

By Karina Hernandez, Senior Research Analyst
11/3/2023 1:27 PM

Major indices trading near the highs of the day despite a loss in Apple (AAPL) after its first quarter outlook didn’t live up to the Street’s expectations.

ISM Services dropped to 51.8 from 53.6 and consensus 53, as the industry sees slowing growth. New orders saw a bit of an acceleration.

Energy is the lone laggard while Real Estate outperforms.

The S&P 500 is on track to end the week with gains of around 6%, rebounding significantly after having slid into correction territory last Friday.

 
 

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